Up to £13 million is said to be invested in collaborative R&D and feasibility study projects for the UK’s civil nuclear power sector. The funding will come from the Technology Strategy Board, the Department of Energy and Climate Change and the Nuclear Decommissioning Authority.
Funding will be split and is open to all sizes of businesses and research organisations, either already involved in the nuclear power sector or not. Up to £10 million will be available for business-led collaborative R&D projects to cultivate innovation, and the remaining £3 million is available for smaller-scale feasibility studies or pre-industrial research projects.
The funding for the larger business-led projects is aimed at developing an innovative and strong sustainable supply chain to serve both national and global markets, with proposals sought in areas where the UK can assume a strong market position.